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EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*sb0769*
SENATE BILL 769
B5, F2 6lr0349
CF 6lr0350
By: Chair, Budget and Taxation Committee (By Request – Departmental –
University System of Maryland)
Introduced and read first time: February 6, 2026
Assigned to: Budget and Taxation
Committee Report: Favorable
Senate action: Adopted
Read second time: March 8, 2026
CHAPTER ______
AN ACT concerning 1
University System of Maryland – Academic Facilities Bonding Authority 2
FOR the purpose of approving certain projects for the acquisition, development, and 3
improvement of certain academic facilities for the University System of Maryland; 4
authorizing the issuance of bonds by the University System of Maryland in a certain 5
total principal amount for financing the projects; providing that the bonds are not a 6
debt or obligation of the State or any of its subdivisions; and generally relating to 7
academic facilities bonding authority of the University System of Maryland an d 8
certain projects. 9
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 10
That: 11
(a) In accordance with § 19–102(d) of the Education Article, each of the following 12
projects is approved as a project for an academic facility, and the University System of 13
Maryland may issue, sell, and deliver bonds in the total principal amount of $26,000,000 14
for the purposes of financing and refinancing the costs of the following projects: 15
Towson University (Baltimore County): 16
Electrical Substation Expansion and Improvements 17
University of Maryland, College Park (Prince George’s County): 18
Health and Human Sciences Complex 19
2 SENATE BILL 769
University System of Maryland Office (Baltimore City): 1
Rita Colwell Center Deferred Maintenance 2
(b) In accordance with § 19 –102(d) of the Education Article, those systemwide 3
capital facilities renewal projects for existing academic facilities of the constituent 4
institutions and centers of the University System of Maryland as authorized by the Board 5
of Regents are hereby approved as facility renewal projects for academic facilities, and the 6
University System of Maryland may issue, sell, and deliver bonds in the total principal 7
amount of $24,000,000 for the purposes of financing and refinancing the costs of those 8
academic facilities renewal projects. 9
(c) The bonds issued under the authority of this Act do not create or constitute 10
any indebtedness or obligation of the State or of any political subdivision thereof except for 11
the University System of Maryland, and the bonds shall so state on their face. The bonds 12
do not constitute a debt or obligation contracted by the General Assembly or pledge the 13
faith and credit of the State within the meaning of Article III, § 34 of the Maryland 14
Constitution. 15
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 16
1, 2026. 17
Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
President of the Senate.
________________________________________________________________________________
Speaker of the House of Delegates.